TaxTMI 
TaxTMI 
TaxTMI 
Time and mode of payment to Government account of tax deducted at source or tax paid under sub-section (1A) of section 192.
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....f March; and (b) in any other case, on or before seven days from the end of the month in which- (i) the deduction is made; or (ii) income-tax is due under sub-section (1A) of section 192. 2[(2A) Notwithstanding anything contained in sub-rule (1) or sub-rule (2), any sum deducted under section 194-IA shall be paid to the credit of the Central Government within a period of 5[ thirty days ] from the end of the month in which the deduction is made and shall be accompanied by a challan-cum-statement in Form No.26QB.] 9[(2B) Notwithstanding anything contained in sub-rule (1) or sub-rule (2), any sum deducted under section 194-IB shall be paid to the credit of the Central Government within a period of thirty days from the end of the month in which the deduction is made and shall be accompanied by a challan-cum-statement in Form No. 26QC.] 11[(2C) Notwithstanding anything contained in sub-rule (1) or sub-rule (2), any sum deducted under section 194M shall be paid to the credit of the Central Government w....
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....ith the procedures, formats and standards specified under sub-rule (5). (4C) The persons referred to in sub-rule (4) shall intimate the number (hereinafter referred to as the Book Identification Number) generated by the agency to each of the deductors in respect of whom the sum deducted has been credited.] 8[ (5) The Principal Director General of Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing and verification of the statements and shall be responsible for the day-to-day administration in relation to furnishing of the information and verification of the statements. ] (6) (i) Where tax has been deposited accompanied by an income-tax challan, the amount of tax so deducted or collected shall be deposited to the credit of the Central Government by remitting it within the time specified in clause (b) of sub-rule (1) or in sub-rule (2) or in sub-rule (3) into any branch of the Reserve Bank of India or of the State Bank of India or of any authorised bank; (ii) Where tax is to be deposited in accordance with clause (i), by persons referred to in sub-rule (1) of rule 125, the amount deducted sha....
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....the 1st day of April, 2010, the provisions of this rule shall apply as they stood immediately before their substitution by the Income-tax (6th Amendment) Rules, 2010.] ************** Notes. 1. Substituted vide notification no. 41/2010 dated 31-5-2010 [Income-tax (6th Amendment) Rules, 2010.] w.e.f. 1-4-2010, before substitution it was read as, Time and mode of payment to Government account of tax deducted at source or tax paid under sub-section (1A) of section 192. 30.(1) All sums deducted in accordance with the provisions of sections 192 to 194, section 194A, section 194B, section 194BB, section 194C, section 194D, section 194E, section 194EE, section 194F,section 194G, section 194H, section 194-I, section 194J, section 194K, section 194LA, section 195, section 196A, section 196B, section 196C and section 196D shall be paid to the credit of the Central Government- (a) in the case of deduction by or on behalf of the Government, on the same day; (b) in the case of deduction by ....
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....bsp; Provided that the Assessing Officer may, in special cases, and with the approval of the Joint Commissioner- (a) in cases falling under sub-clause (i), permit any person to pay the income-tax deducted from any income by way of interest, other than income by way of interest on securities or any income by way of insurance commission or any income by way of commission or brokerage referred to in section 194H quarterly on July 15, October 15, January 15 and April 15; and (b) in cases falling under sub-clause (ii), permit an employer to pay income-tax deducted from any income chargeable under the head "Salaries" quarterly on June 15, September 15, December 15 and March 15. (1A) All sums paid under sub-section (1A) of section 192 shall be paid to the credit of the Central Government- (a) in the case of payment on behalf of the Government, on the same day; (b) in all other cases, within one week from the last day of each month on which the income-tax is due under sub-s....
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....b-rule (1), the Assessing Officer may permit, in special cases,- (a) quarterly payment of the amount on June 15, September 15, December 15 and March 15 if the amount is deducted from any income chargeable under the head "Salaries"; and (b) quarterly payment of the amount on July 15, October 15, January 15 and April 15 if the amount is deducted from any income by way of- (i) interest, other than interest on securities; (ii) insurance commission; or (iii) commission or brokerage referred to in section 194H. (3) No permission under sub-rule (2) shall be granted without the prior approval of the Joint Commissioner. (4) The person responsible for making deduction, or payment of tax, under Chapter XVII-B shall, within the time specified in sub-rule (1), or sub-rule (2),- (a) electronically furnish an income-tax challan in Form No.17; and (b) pay the amount so deducted to the credit of the Central Government by electronically remitting it into the Reserve Bank of India, State Bank of India or any authorised bank. (5) For the purposes of this rule, the amount shall be construed as electronically remitted to the Reserve Bank of India or of the State Bank of India or of any authori....
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....al services referred to in section 194J or the interest or any other sum referred to in section 195 or the income of a foreign company referred to in sub-section (2) of section 196A or the income from units referred to in section 196B or the income from foreign currency bonds or shares of an Indian company referred to in section 196C or the income of Foreign Institutional Investors from securities referred to in section 196D is credited by a person to the account of the payee as on the date up to which the accounts of such person are made, within two months of the expiration of the month in which that date falls; (2) in any other case, within one week from the last day of the month in which the deduction is made; and (ii) in respect of sums deducted in accordance with the other provisions within one week from the last day of the month in which the deduction is made : Provided that the Assessing Officer may, in special case....